Purchasing Power Archives - The Daily Journal

Workers submit more than 40,000 signatures at Miraflores Palace to demand higher wages

October 14, 2026October 14, 2026Tatiana Da GamaLeave a Comment

Unions demanded that authorities calculate year-end bonuses based on total compensation, pay benefits to active and retired employees, and negotiate new salary scales. They warned that workers could shut down healthcare facilities if authorities fail to respond. The Daily Journal.- Labor unions representing Venezuela’s healthcare and education sectors submitted more than 40,000 signatures at Miraflores […]

Health and education unions to march to Miraflores to demand “fair calculation” of year-end bonuses

October 13, 2026October 13, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Unions representing healthcare workers, primary and secondary school teachers, and university staff will march to Miraflores Palace on Tuesday, October 13, to submit approximately 40,000 signatures to the national government. They demand that authorities calculate year-end bonuses based on workers’ total compensation rather than the official base salary, which remains frozen at […]

Dollar crossing 800 bolivars deepens erosion of Venezuelans’ income

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The official exchange rate broke the 800-bolivar-per-dollar barrier on Wednesday, September 2, reaching Bs. 801.18, according to the rate published by the Central Bank of Venezuela (BCV). The U.S. dollar rose by 2.86 bolivars (0.36%) in a single day after closing Tuesday, September 1, at 798.32 bolivars. The euro also climbed […]

How much does an industrial worker earn in Venezuela?

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

The average salary of an industrial worker in Venezuela covers barely 41% of the cost of the basic food basket, highlighting a deep gap between income and the cost of living. Even at large companies, where monthly income reaches US$455, workers earn only enough to cover 63% of what a family of five needs. The […]

Family Food Basket reached $727.89 in July, Cendas-FVM reports

August 18, 2026August 18, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— The Family Food Basket (CAF) cost $727.89 in July, equivalent to 516,804.22 bolivars, according to Óscar Meza, director of the Documentation and Social Analysis Center of the Venezuelan Federation of Teachers (Cendas-FVM). According to the institution’s monthly report, the price in U.S. dollars fell by 3.77%, or $28.56, compared with June. In […]

The market as a driver of wages: toward overcoming the monetarist fallacy in Venezuela

August 12, 2026August 12, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The debate over restoring purchasing power in Venezuela often becomes trapped in a recurring dogma: the premise that any wage increase inevitably leads to an inflationary spiral or the collapse of the productive apparatus. Neoclassical orthodoxy argues that the State or the private sector does not “have the money” to pay […]

The two sides of the coin: Pros and Cons of dollarization in Venezuela

June 17, 2026June 17, 2026Tatiana Da GamaLeave a Comment

The debate over formal dollarization in Venezuela continues to divide public opinion as the country struggles with exchange-rate instability and the constant erosion of purchasing power. Economist Manuel Sutherland examines the issue critically, weighing the benefits and costs of abandoning the national currency. Neirlay Andrade The grassroots demand: Why do labor unions want the dollar? […]